US dollar at six-year high against yen

The US dollar struck a six-year high against the Japanese currency and pushed up against the euro as well. The dollar strengthened above 110 yen for the first time since August 2008 before a report that economists said will show US companies added more than 200,000 workers for a sixth month. Australia’s dollar slid to an eight-month low after retail sales grew less than economists forecast. South Korea’s won dropped amid concern authorities will take steps to weaken the currency. The euro slid toward a two-year low as report showed manufacturing in Germany unexpectedly contracted in September. The dollar rose 0.2 per cent to 109.81 yen at 9:08 am London time after reaching 110.09, the highest since August 25, 2008. It advanced 0.3 per cent to $1.2590 (R14.19) per euro after yesterday touching $1.2571, the strongest level since September 2012. The single currency slid 0.2 percent at 138.23 yen, according to Reuters.